Control and Compound with Darren Mitchell
Unlocking Wealth Secrets: Cracking the Code on Infinite Banking | 11 and a Half Questions Answered
08 Apr 2024
TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are answering your questions on all things infinite banking. We get a lot of questions from our audience across multiple platforms, and today we're answering the ones asked the most, 11 and a half of them to be exact! If you're interested in learning the ins and outs of infinite banking, tune in now! Show notes: 00:00 - Introduction 00:55 - Is the death benefit taxable in Canada? 1:30 - What is the difference between the MEC (modified endowment contract) line and MTAR (maximum tax actuarial reserve) line? 2:40 - What is CSV (cash surrender value)? 3:10 - How do you borrow against life insurance? 4:15 - How do you find a qualified infinite banking concept advisor? 6:15 - What is a contingent beneficiary? 7:00 - Is a corporate owned life insurance policy taxable in Canada? 8:00 - Should I buy my house with my life insurance policy? 9:20 - What happens if I cancel my policy? 9:50 - What happens to my policy if I get divorced? 10:30 - Do I need to update my will and can I change my beneficiary? FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound
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